http://www.energymarketprice.com/SitePage.asp?act=NewsDetails&newsId=19014
U.S. hit a stunning record in terms of solar PV installations in 2015
24/02/2016
The U.S. solar industry has broken another record, adding 7.3 GW of new
generating capacity in 2015, according to figures released by GTM
Research and the Solar Energy Industries Association (SEIA).
The data unveiled on Monday, represent an increase of over 1 GW of solar
photovoltaic installations compared to 2014. Photovoltaic technology is
able to directly convert sunlight into electricity. Last year, solar
provided 29.5 per cent of all new electric generating capacity in the
US, delivering a year-on-year growth rate of 17 per cent. For the first
time, solar beat out natural gas capacity additions in 2015. The
residential solar segment surpassed expectations, growing 66% year over
year, and for the first time ever overtook 2 GW.
Meanwhile, the utility-scale sector grew by six per cent, and
represented more than half of all solar PV installations in 2015. The
USA’s cumulative solar PV installations had exceeded 25 GW by the end of
2015 - more than twelve times installed capacity at the end of 2010
(2GW). The U.S. solar market was driven by California, North Carolina,
Nevada, Massachusetts, and New York. The market continued to diversify
geographically, with 13 states installing more than 100 MW each in 2015.
Utah jumped in ranking from No. 23 state to No. 7, and Georgia moved
from 16th to eighth place. The U.S is on the track to hit a renewables
boom following Congress' approval in December 2015 of tax credits for
wind and solar projects, providing investors with a relatively stable
investment climate through to 2020.
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